Finance News: Latest Financial News, Finance News today in Bangladesh

Independent Directors in many cos not playing due role: BSEC

The chairman of Bangladesh Securities and Exchange Commission (BSEC) on Monday said the appointments of Independent Directors in many companies in Bangladesh are made just from relatives, friends and they are not playing their due role. "The BSEC is currently working on the issue since the role of Independent Directors...

National Housing Finance and Investments elects Mahbubur Rahman Chairman, Altaf Hussain Vice Chairman

The Board of Directors of National Housing Finance and Investments Limited in its 219th meeting held recently elected Mahbubur Rahman as Chairman and Syed M. Altaf Hussain as vice chairman of the company for next 2 years, said a statement.Mr. Mahbubur Rahman is the President of International Chamber of Commerce...

Apex Footwear recommends 25pc cash dividend

The board of directors of Apex Footwear Ltd, a pioneer in the manufacture and export of leather footwear from Bangladesh, has recommended 25 per cent cash dividend for the year ended on June 30, 2020. The board has also recommended to amend/inclusion/deletion of the Articles of Association of the Company...

DSEX dips below 5,000-mark on selling binge

Stocks extended the losing streak for the fourth straight session Tuesday, with key index of the major bourse falling below 5,000-mark, as investors continued booking profits on major sectors issues.DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,970, shedding 42.01 points or 0.83 per cent over...

News Briefs (23-09-2020)

Modhumoti Bank holds 23rd risk management committee meetingThe 23rd meeting of the risk management committee of the board of directors of Modhumoti Bank Limited was held on Monday with assistance of Zoom technology. The meeting was presided over by Mostafa Kamal, Chairman of the Board's Risk Management Committee of Modhumoti...

MBL signed MoU with PrimaDollar, UK

Mercantile Bank Limited (MBL) signed a Memorandum of Understanding (MoU) with PrimaDollar, UK to facilitate Fintech-based export factoring services to the customers of MBL exporting under Open Account credit terms on Monday. Shamim Ahmed, Deputy Managing Director & CAMLCO of Mercantile Bank Limited and Munawar Uddin, Country Manager of PrimaDollar,...

First Security Islami Bank donated ambulance to Rotary Health Center

First Security Islami Bank Ltd donated an ambulance to Rotary Health Center, Jashore which is operated under the supervision of Rotary Club of Jashore. Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, handed over the ambulance to the representative of Rotary Club of Jashore at a...

Shahjalal Islami Bank recently organised workshop

Shahjalal Islami Bank Limited recently organised a workshop on "Prevention of ML/TF, Trade Based Money Laundering and Credit Backed Money Laundering" through a digital platform. Managing Director & CEO of the bank M. Shahidul Islam was present as the chief guest in the virtual workshop. Deputy Managing Director & Chief...

DSE/CSE News in Brief (23-09-2020)

Disbursement of dividendONE Bank Limited: The bonus shares of the company for the year ended on December 31, 2019 have already been credited through CDBL to the respective shareholders' BO Accounts recently. Cash dividend and proceeds of fractional dividend have also been disbursed to the general shareholders through BEFTN System....

Pragati Life Insurance signed group insurance contract with IUB, Bangladesh

Pragati Life Insurance Limited signed a group insurance contract with Independent University, Bangladesh (IUB). Md. Jalalul Azim, CEO of Pragati Life and Professor Milan Pagon, VC (Acting) of IUB, signed the contract on behalf of their respective organisations to provide insurance coverage to the guardians of the students. Pragati Life...

Asia shares weaker on lockdown worries, banking sell-off

HONG KONG/NEW YORK, Sept 22 (Reuters): Asian shares were broadly weaker Tuesday as possible delays in expanded US stimulus and concerns about fresh pandemic lockdowns in Europe dented the recent positive sentiment towards global equity markets.Hong Kong shares of HSBC and Standard Chartered weakened a further 2 per cent, as...

Bentley Systems upwardly revises IPO price range, aims for $5.5b valuation

Software development company Bentley Systems Inc on Tuesday revised its targeted price range for its upcoming initial public offering, which could value the company at about $5.49 billion, reports Reuters.The company plans to sell 10.75 million shares in the IPO at a target range of $19 to $21 per share,...